Reference no: EM132749343
Question - The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the year ended December 31, 2011:
Cash and cash equivalents, Jan. 1 $35,800
Cash and cash equivalents, Dec. 31 74,800
Cash paid to acquire plant assets 21,000
Proceeds from short-term borrowing 10,000
Loans made to borrowers 5,000
Collections on loans (excluding interest) 4,000
Interest and dividends received 27,000
Cash received from customers 795,000
Proceeds from sales of plant assets 9,000
Dividends paid 55,000
Cash paid to suppliers and employees 635,000
Interest paid 19,000
Income taxes paid 71,000
Required - Using this information, prepare statement of cash flows. Include a proper heading for the financial statement, and classify the given information into the categories of operating activities, investing?